Twin Lakes Capital Management LLC Has $45,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Twin Lakes Capital Management LLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 53.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 292 shares of the technology company’s stock after selling 338 shares during the period. Twin Lakes Capital Management LLC’s holdings in Generac were worth $45,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its holdings in shares of Generac by 49.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 34,461 shares of the technology company’s stock valued at $5,343,000 after purchasing an additional 11,382 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of Generac in the fourth quarter valued at about $1,302,000. Burgundy Asset Management Ltd. grew its stake in shares of Generac by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 440,389 shares of the technology company’s stock valued at $68,282,000 after acquiring an additional 7,396 shares in the last quarter. Harmony Asset Management LLC grew its stake in shares of Generac by 160.4% in the fourth quarter. Harmony Asset Management LLC now owns 11,225 shares of the technology company’s stock valued at $1,740,000 after acquiring an additional 6,914 shares in the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Generac by 160.3% in the fourth quarter. McIlrath & Eck LLC now owns 708 shares of the technology company’s stock valued at $110,000 after acquiring an additional 436 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 price target on the stock. UBS Group upped their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and decreased their price target for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Janney Montgomery Scott upgraded shares of Generac from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus reduced their price objective on shares of Generac from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $167.20.

Generac Stock Down 0.2%

GNRC stock opened at $123.63 on Friday. The stock has a market capitalization of $7.30 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The firm has a 50-day moving average price of $119.52 and a 200-day moving average price of $145.17.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analysts’ expectations of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.